If a Cannery Wanted to Lock in the Price They

question 7

Multiple Choice

If a cannery wanted to lock in the price they would pay for peaches in August four months before harvest (in April of the same year) ,they would be most likely to enter into which kind of agreement?

• A) Interest rate swap
• B) Fixed commodities contract
• C) Futures contract
• D) Option

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Definitions:

Organizational Behavior

The study of how people interact within groups and organizational settings, aiming to understand and improve job performance and employee well-being.

Federal Law

Laws passed by the national government of a country that are applicable throughout the country.

State Laws

Legislation established by individual states within a country, governing within its own borders and specific to its jurisdiction.

At-Will

An employment arrangement in which either the employer or employee can terminate the relationship at any time, for any reason that is not illegal.